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EUR/USD
To open long positions for EURUSD, it is required:
A break and consolidation above 1.2370 could keep the bullish momentum in euros, which will lead to the renewal of a resistance of 1.2410 and 1.2458. In case the euro declines in the afternoon, you can consider new long positions after updating the support at 1.2319 or on a rebound from 1.2284.
To open short positions for EURUSD, it is required:
The formation of a false breakout and a return to it will be the first signal to sell euros to the support area of 1.2319, and the main goal of sellers will be to update the daily lows in the area of 1.2319. In the event of EUR/USD growth above 1.2370, you can sell immediately for a rebound from 1.2410.
Indicator description
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